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if you don't raise the debt ceiling right away, it's not defaulting on their loans. the treasury secretary can cut other spending. it is basically a government shutdown. republicans have lost that in the past. but i think unless there is something that the president has to lose, you don't have any leverage in the spending cuts. gerri: you know, the far left and far right will think that that -- well, the different analyses of wh happened. they think will lives lost in the last debate what do you make of that? the republicans wee in a much weaker bargainingposition. what speaker boehner was doing anything that taxes went up midnight on december 31. he actually got a tax cut compared where would've been. everybody else was going to get higher income taxes and they didn't. in this case from the esident keeps more than what speaker boehner caved. the. gerri: you make a good point. i wanted to respond one more thing, which i found interesting. steve moore of "the wall street journal" said we had heard that i'm not going to negotiate with the president anymore and now we f
if you don't raise the debt ceiling right away, it's not defaulting on their loans. the treasury secretary can cut other spending. it is basically a government shutdown. republicans have lost that in the past. but i think unless there is something that the president has to lose, you don't have any leverage in the spending cuts. gerri: you know, the far left and far right will think that that -- well, the different analyses of wh happened. they think will lives lost in the last debate what do...
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Jan 8, 2013
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we have yet to cut one dime from the last debt ceiling agreement and here it is time to do it again. we've got to stop the madness. . . living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven to help relieve pain and stop joi damage. so you can treat more than just the pain. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worseng heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if youhave had, are prone to infections or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if you have any kind
we have yet to cut one dime from the last debt ceiling agreement and here it is time to do it again. we've got to stop the madness. . . living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven to help relieve pain and stop joi damage. so you can treat more than just the pain. humira can lower...
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Jan 8, 2013
01/13
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CNNW
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he specifically blames house republicans but both sides are gearing up for a fight on the debt ceiling. president obama said last week he won't negotiate and some republicans won't raise the debt ceiling without getting their spending cuts. the coin may be a big fat joke but it's not about the coin when you think of this, it's reflectiveysfunctional it is on capitol hill, they're creating a magic coin to solve the u.s. debt crisis? come on. >> i'd like to have my own personal trillion-dollar coin to pay off all my debts no matter what anyone else says. >> print your face on it, right? >> no, i want your face on it. >> okay, deal. >> thank you, alison. >>> her life was cut short more than a year ago, now the uk has opened a second probe into the death of amy winehouse. we'll head to london for a life report. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reve
he specifically blames house republicans but both sides are gearing up for a fight on the debt ceiling. president obama said last week he won't negotiate and some republicans won't raise the debt ceiling without getting their spending cuts. the coin may be a big fat joke but it's not about the coin when you think of this, it's reflectiveysfunctional it is on capitol hill, they're creating a magic coin to solve the u.s. debt crisis? come on. >> i'd like to have my own personal...
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Jan 8, 2013
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debate the debt ceiling. just give me more borrowing authority. let me have more revenue so i can continue to spend. that will not solve the problem. we have $16 trillion debt. we will have to cut spending. bill: are you in agreement with mitch mcconnell this weekend when he said taxes are off the table? we resolved this issue. we have, sorry, we don't have this problem because we tax too little. we have it because we spend way too much. >> no. he is exactly -- remember the last debt ceiling agreement 16 months ago. two days after the law passed we got downgraded on our credit rating. a week after the bill had passed the market dropped 1323 points. the super-committee which was supposed to identify spending reductions fell apart like many of us thought it would and the scheduled cuts in the last agreement which were supposed to take place were just suspended and postponed five days ago in the fiscal cliff agreement. now it is time to raise the debt ceiling again and we have yet to cut one dime from the last a
debate the debt ceiling. just give me more borrowing authority. let me have more revenue so i can continue to spend. that will not solve the problem. we have $16 trillion debt. we will have to cut spending. bill: are you in agreement with mitch mcconnell this weekend when he said taxes are off the table? we resolved this issue. we have, sorry, we don't have this problem because we tax too little. we have it because we spend way too much. >> no. he is exactly -- remember the last debt...
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Jan 8, 2013
01/13
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, but he is not going to be politically blackmailed over the debt ceiling. with respect to the sequester, replacing it, we need to continue to follow the same pattern that we did with respect to the fiscal cliff. in other words, and last year. last year we had 1.5 trillion dollars in cuts. we'll have to do additional cuts, but it will have to be combined with additional revenue from eliminating a lot of these tax breaks and loopholes that benefit high income individuals. the same kind of tax breaks and loopholes, by the way, that mitt romney and paul ryan talked about during the last campaign. >> now, one of the changes that politico has been writing about today in a profile of congressman cotton, tom cotton, one of the freshmen, is that you've got congressman like tom kolton that is a harvard law graduate. when it comes to congress having been supported in the primary by the club for growth, cho gave $300,000 plus. so he has no loyalty to john boehner or to the party. he has loyalty to those who supported him. and those that want to take a posture on those
, but he is not going to be politically blackmailed over the debt ceiling. with respect to the sequester, replacing it, we need to continue to follow the same pattern that we did with respect to the fiscal cliff. in other words, and last year. last year we had 1.5 trillion dollars in cuts. we'll have to do additional cuts, but it will have to be combined with additional revenue from eliminating a lot of these tax breaks and loopholes that benefit high income individuals. the same kind of tax...
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Jan 8, 2013
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we are joined by a fantastic panel of experts to help us cut trees some of this confusion. and pull back and look at some of the bigger strategic questions out there. i'm joined by three folks. the senior fellow and director of the church -- director of research here at brookings institution. he is one the most prolific voices in this issue and has written hundreds of articles, including one on foreignpolicy.com right now. his most recent book includes opportunity, why nuclear arms is still important and the wounded giant, america's armed forces in an age of austerity. the larger and by one of the top thinkers and teachers in the field of security studies. he is a professor at columbia in university. his numerous books have garnered critical success from the american political science association for the best book in political science. he is also a key facilitator of a facility studies workshop. he has a great deal of experience in the policy field. the senior fellow, he is a former staff member a mark on the national security council and served six years on the national se
we are joined by a fantastic panel of experts to help us cut trees some of this confusion. and pull back and look at some of the bigger strategic questions out there. i'm joined by three folks. the senior fellow and director of the church -- director of research here at brookings institution. he is one the most prolific voices in this issue and has written hundreds of articles, including one on foreignpolicy.com right now. his most recent book includes opportunity, why nuclear arms is still...
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Jan 8, 2013
01/13
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CNBC
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senator, you know what the inner workings are going to look like for the debt ceiling. what are your colleagues saying at this point? we've got -- we've got the other side saying it's not going to be about spending cuts. we need another whatever $2 trillion. they want to go 50/50 again. they want another trillion dollars, and so they got the higher marginal rates. they're going to want to do the other thing now. tax reform by closing loopholes, but not revenue neutral tax reform. but to raise another trillion dollars. will republicans go along with that? >> well, first of all, from the republican standpoint i think our thoughts are that president obama got the revenue portion, the tax increase portion of his balanced approach. he got $600 billion, plus we also have to keep in mind we've got $1 trillion worth of tax increases on obama care. by the way, those are middle income tax increases. they're indirect, but they're going -- >> he's not going to agree with that. he's going to say i was at 1.6 trillion and then i made a concession to 1.2. >> it's pretty jaw dropping w
senator, you know what the inner workings are going to look like for the debt ceiling. what are your colleagues saying at this point? we've got -- we've got the other side saying it's not going to be about spending cuts. we need another whatever $2 trillion. they want to go 50/50 again. they want another trillion dollars, and so they got the higher marginal rates. they're going to want to do the other thing now. tax reform by closing loopholes, but not revenue neutral tax reform. but to raise...